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A community blog about data and how to manage it
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Gary Wright Analyst at BISS Research
After my recent blog and article commenting on the excellent progress at EMXCo in the drive to STP in the unitised funds space, the latest news that Euroclear's FundSettle has built an automated link to the EMXCo message system has to be a whopping leap forward for cross border STP. Of course this is an in-house Euroclear initiative but the result...
24 October 2008
I keep hearing about ISO20022 and notice that umpteen standards committees are in full swing together with SWIFT who are somewhere in the middle but what are they trying to achieve, for whom and for when? There appears to be a general agreement that ISO20022 is necessary but why and how will it be beneficial? In short there is an increasing amoun...
16 October 2008
When you listen to the news and read the various reports on the financial crisis, the market's crash it is always intertwined with the problems in the economy. However, the two do not have as close a link as the media always report. The economy is a slow moving beast with impacts both good and bad taking time to filter through. The economy has mor...
14 October 2008 /retail /wholesale
It appears to me that the best way to start clawing back from the abyss in the financial services industry, has to be the reclamation of business ethics. The scandalous bonuses paid to people who worship the buck at the expense of the industry and its clients have to be brought back into line. Stripping the market at any cost is not the best way t...
10 October 2008 /retail
One thing is for sure the banks are going to be very careful not to create financial products that look like those that have helped create the crisis. We can anticipate that many financial firms will revert to plain vanilla trading to try and build up some confidence with their clients. Keep simple, keep it stupid, might be the order of the day, f...
03 October 2008 /retail /wholesale
Last week I questioned if SWIFT were in danger of contradicting their position of only supporting a single standard by operating both ISO20022 and ISO15022 at the same time. This question certainly brought about plenty of interest and also some important clarification comments posted by the SWIFT Community. I therefore urge all those interested in ...
21 May 2008 /wholesale
The conference I was asked to Chair last week on Corporate Actions Processing included a presentation from Linda Bookheim, Senior Manager, Custody and Asset Services, SWIFT that catalogued the many different groups/committees and initiatives that are all looking to bring new efficiencies. Now Corporate Actions are complex and tend to bring out the...
22 April 2008
Gert Raeves Research Director at Adox Research Limited
If it takes a crisis to remind people of what really matters, there is no doubt that credit crunches and rogue traders have put data management at the centre of attention. The world at large has suddenly discovered what (mostly) genteel education and awareness-building by organisations like the EDM Council has said all along: Scratch the surface o...
04 February 2008
There is an underreported flavour to the much-debated middle and back office experience of Jerome Kiervel, the Soc Gen trader responsible for last week's high drama. According to a copy of his CV circulated online (thank you Chris Skinner), he was involved in reference data between 2000 and 2002, working in the middle office Referential (sic) team...
28 January 2008
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